Luxury
New Jersey Luxury Project Receives $60M Construction Loan
Cushman & Wakefield secured the financing for a joint venture of PCD Development and Saber Real Estate Advisors. The loan will be used for the construction of a 421-unit high-end community in Bogota, along the Hackensack River.
Wood Partners Breaks Ground on Luxury Portland High-Rise
The upcoming community will incorporate the northern part of the Artists Repertory Theatre building and will also feature ground-floor retail and affordable units.
FL Luxury Conversion Sells for $35M
Waypoint Residential traded the 288-unit multifamily asset in Tallahassee after converting it from student housing. Newmark Knight Frank represented the seller and procured acquisition financing for the buyer.
LA Luxury Development Receives $24M Loan
PacTen Partners secured the loan for the construction of a 140-unit transit-oriented condominium project located in the heart of the city.
Optima Kierland: An Oasis in Arizona’s Desert
Optima President David Hovey Jr. presents the pilot project of Phoenix’s newly adopted International Green Construction Code. The four-tower development is underway in Scottsdale.
New Nashville Community Gets $48M Refi
The new loan encumbers a recently completed 230-unit Class A multifamily asset in the city’s Music Row neighborhood, replacing a nearly $40 million construction loan from U.S. Bank.
Orange County Property Commands $98M
A private investor scooped up the 264-unit, Class A asset in Santa Ana, Calif. Built in 2016 by Lyon Living and Integral Communities, the multifamily property includes 10 affordable units.
Community on Atlanta BeltLine Trades for $66M
Ghitis Property Co. acquired Ayla on Krog from PGIM Real Estate. The recently completed, 222-unit apartment property is located in the Inman Park neighborhood, fronting the city’s popular public trail.
Chicago Luxury Community Breaks Ground
The 188-unit transit-oriented development located in the city’s River West neighborhood is slated for completion in 2020.
Redwood Capital Enters Phoenix with $118M Buy
The Chicago-based company made its first foray in the market by acquiring a 365-unit luxury community located in Scottsdale, Ariz.